The Tax Cuts and Jobs Act passed by the United States Congress on December 20 will likely lead to an increase in the federal debt, and Congress may next seek to make changes in expenditures to reduce the impact on deficits. The official estimate from the Joint Committee on Taxation (JCT) shows the federal debt ...
Lawmakers seeking to pass bills that require spending will be watching the surplus carefully next session. Any bills that call for spending money during the 2018 Legislative Session require either more revenue to come in than expected under the current State Budget or a new revenue source to be established. November’s tax revenue receipts gave ...
FOR IMMEDIATE RELEASE December 6, 2017 Concord, NH – The New Hampshire Fiscal Policy Institute Board of Directors has appointed AnnMarie French to serve as interim executive director of the organization, effective Monday, December 4, 2017. AnnMarie assumes the role of interim executive director following the departure of John Shea, who resigned from the role ...
While results are still preliminary, Keno gaming appears to have been legalized in seven cities around New Hampshire as a result of Tuesday’s votes. The margin of victory in Rochester for Keno legalization was reportedly only one vote and may still be subject to change or recount, but voters appear to have legalized Keno gaming ...
October revenues for the General and Education Trust Funds met the State’s anticipated revenue plan based on State Budget expenditures, but the relative strengths and weaknesses of certain revenue sources and comparatively small revenue surpluses may limit the Legislature’s flexibility in future deliberations. As with earlier revenues thus far this fiscal year, the receipts did ...